Odisha Posts 5% Growth in Gross GST Collection in October 2022

Bhubaneswar: Odisha has posted a 5 per cent growth in collection of gross Goods and Services Tax (GST) during the month of October 2022 compared to the collection in same month last year.

Odisha has collected a total GST revenue of Rs 3,769 crore during last month while it has collected Rs 3,593 crore in the same month, last year, as official data released by the Department of Finance on Wednesday.

The state has recorded 16.76 per cent growth in progressive GST collection up to October of current financial year 2022-23 in comparison to the same period of previous financial year. The progressive collection of gross GST till October ’22 is Rs. 27,901 crore against Rs. 23,897 crore collected up to October of 2021-22.

The progressive collection of OGST (Odisha GST) till October 2022 is Rs 8,264 crore against Rs 6,819 crore registering a growth rate of 21.18 per cent.

The collections from CGST, IGST and Cess have recorded a growth of 18.91 per cent, 8.13 per cent and 21.10 per cent, respectively, up to October of this financial year.

The total collection of VAT (petrol and liquor) stood at Rs. 877 crore during last month as against Rs 726 crore during October ’21 with growth rate of 20.73 per cent.

Out of the above, the collection from petroleum products and liquor has recorded growth of 17.94 per cent and 30.41 per cent respectively during the last month as against collection during the corresponding period of last year.

During the current financial year (up to October), as many as 28,234 new taxpayers have been brought under GST fold, the finance department said.